Khazanah MD Amirul Feisal Wan Zahir
Singapore-based global VC firm Antler has announced a partnership with sovereign wealth fund Khazanah to establish a presence in Malaysia.
The collaboration aims to bolster Khazanah’s Future Malaysia Programme, an initiative under its Dana Impak (Impact Fund) mandate.
Dana Impak supports local entrepreneurs, startups, VCs, and corporate venture programmes through collaborations with domestic and international partners. It plans to invest RM6 billion (US$1.3 billion) over five years in Malaysia.
Under this strategic alliance, Antler from its Kuala Lumpur office will invest in over 30 startups across Malaysia over the next three years, with the inaugural Venture Generation Program to begin in October 2023, and applications are currently open.
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Antler will also provide Malaysian startups access to its global platform and network. Leveraging Antler’s global network of investors, founders, and advisors, this partnership will infuse new opportunities into Malaysian startups and help them expand into global markets.
Khazanah MD Amirul Feisal Wan Zahir said: “The strategic collaboration with Antler marks a new chapter in Malaysia’s entrepreneurial landscape, underscoring Khazanah’s unwavering commitment to introducing innovative and impactful solutions. This is another step forward for our Future Malaysia Programme, which aims to scale Malaysian ideas and businesses to be globally competitive.”
“Going forward, we will continue to identify potential partners with proven track records, expertise, and strategic value proposition to join us in nurturing and empowering the next generation of Malaysian entrepreneurs through this programme, offering comprehensive support throughout the entire funding lifecycle, spanning from the pre-seed stage right up to the growth stage,” he added.
Antler is one of the most active early-stage investors globally and has invested in over 792 companies across 26 cities worldwide, amassing a cumulative portfolio value of US$3.7 billion.
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It specialises in ‘day zero investing’, supporting founders throughout their journey, starting from the pre-seed stage and extending to Series A and beyond. This includes support in co-founder matching, deep business model validation, provision of initial capital, expansion assistance, and securing follow-on funding.
The firm has offices globally across most major entrepreneurial hubs in 26 cities, including Malaysia, Singapore, Jakarta, Ho Chi Minh, Austin, New York, London, Berlin, Stockholm, Bangalore, Seoul, Tokyo, and Sydney.
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